🚨 BitMEX Accused of Stealing 622 BTC — Is Another Crypto Scandal Unfolding?
BKX Services and investor David Namdar have filed a class-action lawsuit against BitMEX, accusing the exchange of improperly taking 622.66 BTC through forced liquidations. The plaintiffs claim BitMEX created conditions that triggered liquidations and transferred the remaining BTC into its insurance fund. The case is now before the court. ⚖️
The lawsuit comes as HDR Global Trading prepares to shut down the platform, with operations scheduled to end on September 23, 2026.
While the news has fueled speculation about a possible market dump, analysts note that the disputed amount is relatively small compared to Bitcoin’s overall market liquidity. BMEX reportedly fell sharply (>98%), but BTC and the broader crypto market have shown little reaction so far.
For now, this appears to be a serious legal issue for BitMEX rather than a catalyst for a broader market sell-off.